Zcash Hashrate Reaches Record 12.53 GS/s, Mining More Profitable
ZEC Mining Surge:
- Zcash's network hashrate hit an all-time high of 12.53 GS/s, driven by its PoW system using the Equihash algorithm.
- Equihash proves more resource-intensive and rewarding compared to Bitcoin's SHA256, with Antminer Z15 Pro ASIC yielding about $39.56 daily profit.
- ViaBTC controls 31.84% of the Zcash network hash power, raising concerns over potential centralization risks like a 51% attack.
ZEC Price Analysis:
- ZEC is trading around $390, with a key resistance level at $450 that could lead to a rally toward $600.
- A pullback to the $320 support zone might establish a stronger base for future growth.
- The RSI stands neutral around 50, with MACD flattening, indicating possible significant movement.
Privacy Coins Interest:
- Increased interest in privacy coins like Zcash due to growing regulatory scrutiny over financial data privacy.
Bitcoin Hyper ($HYPER) Presale:
- Bitcoin Hyper, a BTC Layer 2 chain, raised nearly $25.6 million in its presale.
- $HYPER aims to support DeFi, NFTs, and other applications without relying on alternative chains.
- Staking returns up to 46% APY are offered during the presale.